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john harwood has more on the changes coming to the u.s. treasury department. >> president obama has already filled out the members of his national security team for the second term. now he's filling out the economic team for his second term, including his choice for treasury secretary. later today, we expect that the president is going to appoint his current white house chief of staff, jack lew, as treasury secretary to replace tim geithner who has been saying for some time that he wanted to leave. jack lew is an experienced figure in washington, veteran of capitol hill and of more than one major budget negotiations, which is exactly what the president is facing right now. he's somebody with a low key demeanor who gets along well with others. his confirmation is expected to be not too difficult. what he doesn't provide is a strong business background or wall street ties, although he did work for citigroup for a while. and he doesn't have the experience in financial regulation that tim geithner brought to the job having head of the federal
john harwood has more on the changes coming to the u.s. treasury department. >> president obama has already filled out the members of his national security team for the second term. now he's filling out the economic team for his second term, including his choice for treasury secretary. later today, we expect that the president is going to appoint his current white house chief of staff, jack lew, as treasury secretary to replace tim geithner who has been saying for some time that he wanted...
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. >> joining me is john harwood, a lot of nice compliments for mr. lew. we do we anticipate any trouble? we have heard one or two republicans expressing unhappiness with the selection. >> reporter: well, i just got a tweet from his former spokesman at omb which said that jack lew before the full senate for confirmation five times. not a single no vote so far. i would not expect that to be the case this time but i don't think there's a serious threat to the nomination. jack lew is confident, self effacing. he is easy to get along with. yes, a tough negotiator. some republicans didn't like that. yes, some republicans don't like president obama's economic policies. fair enough. that's not much of a reason to vote against him. i wouldn't expect much opposition. >> thank you very much, john. great pleasure fitting you in on that developing story, as well. >>> up next, have you heard this one? charlie rangel, harsh words earlier for the president over a lack of diversity in the president's inner circle. >> it's embarrassing as hell. we've been through all this
. >> joining me is john harwood, a lot of nice compliments for mr. lew. we do we anticipate any trouble? we have heard one or two republicans expressing unhappiness with the selection. >> reporter: well, i just got a tweet from his former spokesman at omb which said that jack lew before the full senate for confirmation five times. not a single no vote so far. i would not expect that to be the case this time but i don't think there's a serious threat to the nomination. jack lew is...
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joining us is john harwood with the political fall out and with the markets, bob pisani. i guess people criticized mr. lew for saying, how is he in a crisis? i guess you never know until you are in one and the one thing you could say, you can't fail to say about mr. lew, is that if anybody aught to be able to get through the federal budget, and understand it, it would be he. based on his two stint at omb. >> exactly. and i think it is pretty hard to say that he is not prepared for a crisis if he served as white house chief of staff in a senior position at state department also as budget director. he has been around at a high level for a long time. of course he hasn't been in treasury secretary job and we all remember that hillary clinton, jack lew's old boss at the state department, said, what is barack obama going to do with a 3:00 a.m. phone call? and barack obama has been counting and did count in the 2012 election on his record answering that question and jack lew will ultimate sli to do the same thing. >> you know what, bob pisani, i'm hearing that everybody seems to
joining us is john harwood with the political fall out and with the markets, bob pisani. i guess people criticized mr. lew for saying, how is he in a crisis? i guess you never know until you are in one and the one thing you could say, you can't fail to say about mr. lew, is that if anybody aught to be able to get through the federal budget, and understand it, it would be he. based on his two stint at omb. >> exactly. and i think it is pretty hard to say that he is not prepared for a...
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john harwood joins us now with more on that. john. >> andrew, president obama is going inside his inner circle to fill a key job as jack lew is somebody who served as chief of staff. he was budget director before that. he served in hillary clinton's state department. he does not have a deep background and ties to wall street and business. he's a creature of congress, made his name in washington working for tip o'neal, the house speaker. very hard working, very key, very bright. republicans found him a difficult negotiators in some of the budget talks over the last couple of years, but i would expect, andrew, that he's going to be confirmed pretty handily even though he'll have difficult questions in his confirmation hearing. >> john, how disappointed -- and perhaps now, but it appears that the business community seems disappointed, if you read "the wall street journal" editorial page today. there's a sense of disappointment that the president didn't pick somebody from the business community, somebody with more experience in the
john harwood joins us now with more on that. john. >> andrew, president obama is going inside his inner circle to fill a key job as jack lew is somebody who served as chief of staff. he was budget director before that. he served in hillary clinton's state department. he does not have a deep background and ties to wall street and business. he's a creature of congress, made his name in washington working for tip o'neal, the house speaker. very hard working, very key, very bright....